Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Friday January 26 2018, @02:51PM   Printer-friendly
from the will-AMD's-fortunes-be-Ryzen,-too? dept.

Intel results beat estimates, warns of potential security flaw fallout

Intel Corp on Thursday gave a bullish forecast and blew past Wall Street profit and revenue expectations for the fourth quarter on the strength of data center sales, the business it sees as key to its transformation from a PC supplier.

[...] Intel Chief Executive Brian Krzanich said the company would start shipping chips later this year with “silicon-based changes” to protect against the so-called Spectre and Meltdown security threats.

Revenue from the company’s higher-margin data center business rose about 20 percent to $5.58 billion, beating the average analyst estimate of $5.13 billion, according to Thomson Reuters I/B/E/S. Revenue from Intel’s PC group hit $9 billion for the quarter, a 2 percent decline from the year before, but ticked up 3 percent for the year to $34 billion.

Intel predicted $65 billion in revenue for 2018, well above expectations of a $63.7 billion forecast.

In an interview ahead of Intel’s earnings call with investors, Chief Financial Officer Bob Swan said the company sees no “meaningful impact” on corporate earnings as a result of the security vulnerabilities, reiterating an assessment the company made on Jan. 3.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2, Insightful) by Anonymous Coward on Friday January 26 2018, @03:52PM (1 child)

    by Anonymous Coward on Friday January 26 2018, @03:52PM (#628297)

    Paying everyone for the damage of their bugs?

    Since this now make all the equipment in data centers ~10% slower so worth 10% less...
    So that $5.58 Billion would be worth $558 Million less, so they did not meet expectations? Pumping their price up and hiding the facts for 6 or more months. Allowing people in-the-know to cash out. Is the SEC going to get involved and fix this for real. Or at boys-will-be-boys view as #MeToo is complaining about.

    Starting Score:    0  points
    Moderation   +2  
       Insightful=2, Total=2
    Extra 'Insightful' Modifier   0  

    Total Score:   2  
  • (Score: 1, Insightful) by Anonymous Coward on Friday January 26 2018, @04:51PM

    by Anonymous Coward on Friday January 26 2018, @04:51PM (#628328)

    Intel never promised that it's processors were free from any defects, and its processors are just as fast as they were before if your usage doesn't make you vulnerable to the exploit. The only people who will notice a problem are the Cloud virtualization companies. Boo fucking hoo.

    A free society is built upon Caveat Emptor; make a better purchase next time—get guarantees in writing.